CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
Monday Recap: Coinbase Fee Controversies, Hamster Kombat’s Decline, and a $200K Bitcoin Prediction
Market Musing-g

Monday Recap: Coinbase Fee Controversies, Hamster Kombat’s Decline, and a $200K Bitcoin Prediction

BSCN
By BSCN
Created 4 months ago, last updated 4 months ago
2 mins read
Monday Recap: Coinbase Fee Controversies, Hamster Kombat’s Decline, and a $200K Bitcoin Prediction

The cryptocurrency industry is abuzz with major stories, from allegations of exorbitant listing fees on Coinbase to Hamster Kombat’s sharp user decline and bold Bitcoin price predictions.

Coinbase’s Alleged Token Listing Fees Stir Controversy
In a surprising twist, Tron founder Justin Sun claimed that Coinbase requested a whopping $330 million to list TRX, sparking debates about fairness in crypto listing practices. Sun alleged that while Binance didn’t charge, Coinbase demanded 500 million TRX tokens and a substantial Bitcoin deposit. Andre Cronje, founder of Fantom, corroborated with his own experience, stating Coinbase sought up to $300 million for listing FTM. Despite these claims, Coinbase CEO Brian Armstrong denied the fees, reiterating that asset listings are free.
Hamster Kombat’s Meteoric Rise and Fall
Hamster Kombat, once celebrated as the fastest-growing game on Telegram, has reportedly lost nearly 260 million players in just three months. Despite reaching an early peak of 300 million users, the game’s simplistic design and issues with token distribution have alienated players. The token’s value has plummeted by 76%, and controversies around delayed airdrops and an anti-cheat system have damaged its reputation, drawing criticism from governments in Iran and Russia.
Bitcoin’s $200K Forecast by 2025
Analysts at Bernstein predict that Bitcoin’s value could soar to $200,000 by 2025, irrespective of the upcoming U.S. election outcome. They argue that factors like U.S. fiscal irresponsibility and the appeal of hard assets support Bitcoin’s growth. A potential Trump win could push Bitcoin higher, given his perceived crypto-friendly stance, but even a Harris victory is expected to have a favorable long-term impact. Ethereum, too, could see gains with favorable ETF prospects if Harris wins.

These developments underscore the crypto industry’s complex landscape, where regulatory tensions, market speculation, and shifting public sentiment play pivotal roles in shaping the future of digital assets.

0 likes
|

Other articles published on Nov 20, 2024

Market Musing-g

Bitcoin Refuses to Flip Before $100K After Breaking $94,000-Here’s Why the Sell-offs May Not Hind...

Bitcoin has begun to range! The price just formed a new ATH slightly above $94,000, and despite the bearish activity, it sustains above $92,500. With this, the possibility of reaching $100,000 has ...
By CoinPedia News
4 months ago
3 mins read
Market Musing-g

Five warning signs Bitcoin’s price could be about to crash: CryptoQuant

CryptoQuant shared five key technical indicators that can help traders figure out whether Bitcoin is approaching a local top, and one of them is already flashing red.
By Cointelegraph
4 months ago
4 mins read
DeFi

The chance of Bitcoin reaching $100,000 by year's end surges to 72%

The likelihood of Bitcoin (BTC) reaching $100,000 by the end of 2024 has surged to 72% on Polymarket, a prediction platform.
By Optimisus
4 months ago
1 min read
Market Musing-g

XRP Price Abruptly Soars Beyond $10 Million On Major Exchanges

KingXRP (@MRKingXRP), a prominent crypto commentator, brought attention to a surprising glitch that displayed XRP trading at over $10 million across major cryptocurrency exchanges. Sharing a screen...
By Times Tabloid
4 months ago
3 mins read
Market Musing-g

Coinbase Announces wBTC Trading Suspension: Focus Shifts to cbBTC

Coinbase has announced that it will be suspending trading for Wrapped Bitcoin (wBTC) on December 19, 2024, while allowing users to transfer tokens off-platform. This development comes when cbBTC ga...
By ETHNews
4 months ago
3 mins read
Market Musing-g

Why is XRP Price Down?

After reaching a three-year high, XRP has pulled back by over 20%, triggering a broader market correction.
By CryptoTicker ENG
4 months ago
4 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!